A $5,000 Unfavorable Flexible-Budget Variance Indicates That ________

question 46

Multiple Choice

A $5,000 unfavorable flexible-budget variance indicates that ________.

• A) the flexible-budget amount exceeded actual variable manufacturing overhead by $5,000
• B) the actual variable manufacturing overhead exceeded the flexible-budget amount by $5,000
• C) the flexible-budget amount exceeded standard variable manufacturing overhead by $5,000
• D) the standard variable manufacturing overhead exceeded the flexible-budget amount by $5,000

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Definitions:

Great Recession

A significant worldwide economic downturn that began in 2007 and lasted until 2009, marked by high unemployment and severe financial instability.

Gross Private Investment

The total amount of investment in the economy by private sector entities, including investments in equipment, structures, and inventory changes.

Obama

Refers to Barack Obama, the 44th President of the United States, serving from 2009 to 2017.

European Trading Organizations

Consortia or groups in Europe that facilitate trade, such as the European Free Trade Association, aiming to promote economic cooperation and reduce trade barriers.